Why Does Trump Favor a ‘Weak Dollar’ and Is That Good or Bad for America?

Just days before taking office, President-elect Donald Trump roiled international currency markets, telling The Wall Street Journal that the US dollar is “too strong” compared to other global currencies, particularly the Chinese yuan. “Our companies can’t compete with them now because our currency is too strong,” Trump said. “And it’s killing us.” His comments were followed by a 1.3 percent drop in the value of the dollar against a basket of global